Citigroup Commercial Mortgage Trust 2017-P8's issuance is a CMBS
transaction backed by 53 commercial mortgage loans with an aggregate
principal balance of $1.087 billion ($917.9 million of offered
certificates), secured by the fee and leasehold interests in 167
properties across 32 states.

We assigned our ratings to the class A-1 through F, X-A, X-B, X-D through
X-F, V-2A through V-2D, V-3AC, and V-3D certificates.

The ratings reflect the credit support provided by the transaction
structure, our view of the underlying collateral's economics, the
trustee-provided liquidity, the collateral pool's relative diversity, and
our overall qualitative assessment of the transaction.

The certificate issuance is a commercial mortgage-backed securities (CMBS)
transaction backed by 53 commercial mortgage loans with an aggregate principal
balance of $1.087 billion ($917.9 million of offered certificates), secured by
the fee and leasehold interests in 167 properties across 32 states.
The ratings reflect the credit support provided by the transaction structure,
our view of the underlying collateral's economics, the trustee-provided
liquidity, the collateral pool's relative diversity, and our overall
qualitative assessment of the transaction.
Since preliminary ratings were issued, the X-C certificate class has been
removed from the transaction. Additionally, a portion of the non-offered
vertical risk retention will be rated, as represented by the V-2A through
V-2D, V-3AC, and V-3D certificates.